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Home > Settlements > Qiao Xing Universal Telephone settles class action for $2.4 million

Qiao Xing Universal Telephone settles class action for $2.4 million



Qiao Xing Universal Telephone has settled a class action lawsuit for $ 2.4 million. The company's directors and officers insurance carrier will contribute $300 thousand towards the settlement. The company states that the loss has no material impact on its December 31, 2007 year end.

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